still electronic trading of stock futures and options, energy and metals contracts. the last time the new york stock exchange was closed for more than two days straight because of weather was 1888. three of six key refineries shut down. ports were closed. analys analysts estimate sandy could cause 5 to $6 billion of losses. that would make it the fifth costliest storm in u.s. history. there could be more wind and flood damage than hurricane irene. new york city and especially lower manhattan saw it share monday. joining us on set a charles nenner founder and head of research. thanks very much for stopping by. >> you're welcome. from i just want to ask you off the bat about hurricane sandy if there is a broad impact on the u.s. that you expect. >> i want to mention two things. the crash in '87 started in europe. the crash in 9/11 started before terrorists attacked new york. so i forecast markets. so whatever happened here already is already in the price of all the markets, so it won't have much of an effect. >> the philosophy of market forecasting, nobody ever does th